Political Quotes

Michael S. Barr: I can say the banking system is sound and resilient. I think that was really the right thing to do.

On the recordMarch 28, 2023
I can say the banking system is sound and resilient. I think that was really the right thing to do.
Said by
Michael S. Barr

Editor's note · Context

Barr asserts the banking system's stability following the intervention.

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The research shows that there is no basis for the conclusion that low-income or moderate-income households were responsible for causing the financial crisis.

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Overall, our banking system is sound and resilient.

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